-The Indian Express Candidates are expected to spend up to R11,000 crore collectively Election spending by candidates and the state machinery for the upcoming General Elections is expected to bring about only a marginal rise in the GDP growth of the world's largest democracy. Poll expenditure, which is estimated to touch Rs 11,000 crore by candidates in the country's 543 Lok Sabha constituencies could increase the country's gross domestic product by about...
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Low growth may turn jobseekers back to farm sector: Crisil report -Remya Nair and Kirthi V Rao
-Live Mint Non-farm employment will increase by only 38 mn in financial years 2012-19, compared with 52 mn in FY 2005-12 New Delhi: The slowing economy will result in fewer jobs being added to industry and services in the next seven years and more workers moving back to farming, Crisil Research said in a report on Tuesday, indicating job creation will remain a key concern for the next government. Non-farm employment will increase...
More »Why NREGA wage hike is bad news for the economy-Shishir Asthana
-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...
More »Government working on new index to fix rural wages -Dilasha Seth & Yogima Seth Sharma
-The Economic Times NEW DELHI: The government is working on a new index based on the consumption pattern of rural landless labour to fix wages under the Mahatma Gandhi National Rural Employment Guarantee Act, a move that is set to result in slower annual wage hike increases under the government's flagship social welfare programme. Rural wages under MGNREGA are at present based on the consumer price index for agricultural labourers (CPI-AL), which...
More »Measuring poverty: How the world counts its poor -Gaurav Choudhury and Chetan Chauhan
-The Hindustan Times What does it mean to be poor across the world? It means different things in different countries depending on the definition of the poverty line-an income threshold below which families are considered poor. In most of Europe, a family with a net income of less than 60% of the "median net disposable income" - a broad measure of the national average income net of taxes income - is counted...
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